IOWA FARM BUREAU FEDERATION D/B/A … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1918

Legal Domicile

Principal Officer

CODY KORTHAUS

Phone

6414374333

Tax Period

2024-01-01 to 2024-12-31

IOWA FARM BUREAU FEDERATION D/B/A APPANOOSE COUNTY FARM BUREAU, founded in 1918, is a small nonprofit that reported $100K in total revenue in fiscal year 2024. The organization ran a surplus of $36K, a strong 36% operating margin.

Mission

TO CREATE A VIBRANT FUTURE FOR AGRICULTURE, FARM FAMILIES AND THEIR COMMUNITIES.

Program Service Accomplishments

Program 1

POLICY DEVELOPMENT: APPANOOSE COUNTY FARM BUREAU PRIDES ITSELF ON THE INVOLVEMENT OF THE VOLUNTEERS IN CREATING POLICY FOR THE ORGANIZATION. WE SEND OUT AN OPINIONNAIRE TO MEMBERS VIA EMAIL AND THEY ARE AVAILABLE THROUGH MAIL BY REQUEST. WE THEN, HOLD A MEETING TO DISCUSS THE FINDINGS OF THAT OPINIONNAIRE AND CREATE RESOLUTIONS THAT REFLECT THE OPINIONNAIRE. ALL MEMBERS ARE INVITED TO ATTEND. THESE ARE PRESENTED AT THE ANNUAL MEMBERSHIP MEETING IN THE FALL.

Program 2

AG PROMOTION: APPANOOSE COUNTY FARM BUREAU USES THE ABILITY TO PARTNER WITH LOCAL ORGANIZATIONS FOR AG PROMOTION. WE ALSO USE THE LOCAL NEWSPAPER AND TV STATION FOR A PROMOTION PLATFORM AS WELL. WE SPONSORED THE FARMER MARKET ON THE SQUARE ON FRIDAYS. WE ALSO WORK WITH THE LOCAL FAREWAY STORE FOR T-BONE TUESDAYS AND GAVE AWAY T-BONES DURING THE MONTH OF MAY FOR BEEF PROMOTION.

Program 3

AG IN THE CLASSROOM: APPANOOSE COUNTY FARM BUREAU HAS A WELL-ESTABLISHED AG IN THE CLASSROOM PROGRAM. WE HAVE AN AG IN THE CLASSROOM COORDINATOR THAT WORKS WITH SCHOOLS IN THE COUNTY TO DO TEACHER...

AG IN THE CLASSROOM: APPANOOSE COUNTY FARM BUREAU HAS A WELL-ESTABLISHED AG IN THE CLASSROOM PROGRAM. WE HAVE AN AG IN THE CLASSROOM COORDINATOR THAT WORKS WITH SCHOOLS IN THE COUNTY TO DO TEACHER WORKSHOPS AND IN CLASSROOM PRESENTATIONS. SHE IS IN THE CLASSROOM ONCE A MONTH THROUGHOUT THE SCHOOL YEAR.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,614

Program Service Revenue $21,555

Investment Income $54,156

Other Revenue $17,751

TOTAL REVENUE $100,076

Expense Breakdown

Grants Paid $1,317

Salaries & Benefits $29,590

Fundraising Expenses $0

Other Expenses $31,854

TOTAL EXPENSES $64,544

Year-over-Year Comparison

	2024	2023	Change
Revenue	$100,076	$96,455	+0.0%
Expenses	$64,544	$67,566	0.0%
Net Income	$35,532	$28,889	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$125

Total Directors